Heck Capital Advisors LLC Raises Stock Holdings in Marathon Petroleum Corporation $MPC

Heck Capital Advisors LLC grew its stake in shares of Marathon Petroleum Corporation (NYSE:MPC) by 8.1% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,852 shares of the oil and gas company’s stock after acquiring an additional 290 shares during the quarter. Heck Capital Advisors LLC’s holdings in Marathon Petroleum were worth $640,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in MPC. Brighton Jones LLC grew its position in Marathon Petroleum by 30.9% in the 4th quarter. Brighton Jones LLC now owns 4,988 shares of the oil and gas company’s stock worth $696,000 after purchasing an additional 1,178 shares during the period. NBC Securities Inc. grew its holdings in shares of Marathon Petroleum by 47,033.3% in the first quarter. NBC Securities Inc. now owns 1,414 shares of the oil and gas company’s stock worth $206,000 after acquiring an additional 1,411 shares during the period. Sivia Capital Partners LLC increased its position in Marathon Petroleum by 7.7% during the first quarter. Sivia Capital Partners LLC now owns 1,755 shares of the oil and gas company’s stock valued at $256,000 after acquiring an additional 126 shares during the last quarter. Capital Investment Advisors LLC lifted its holdings in Marathon Petroleum by 6.5% in the first quarter. Capital Investment Advisors LLC now owns 7,236 shares of the oil and gas company’s stock valued at $1,054,000 after acquiring an additional 440 shares during the period. Finally, Outlook Wealth Advisors LLC boosted its position in Marathon Petroleum by 11.2% in the first quarter. Outlook Wealth Advisors LLC now owns 2,137 shares of the oil and gas company’s stock worth $311,000 after purchasing an additional 216 shares during the last quarter. 76.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

MPC has been the subject of several research reports. UBS Group upped their price target on shares of Marathon Petroleum from $203.00 to $220.00 and gave the company a “buy” rating in a research report on Friday, September 26th. Dbs Bank upgraded shares of Marathon Petroleum to a “moderate buy” rating in a research report on Monday, July 28th. Bank of America boosted their price objective on shares of Marathon Petroleum from $184.00 to $192.00 and gave the company a “neutral” rating in a research report on Wednesday, September 3rd. TD Cowen reduced their price objective on Marathon Petroleum from $190.00 to $182.00 and set a “buy” rating for the company in a research note on Wednesday, August 6th. Finally, Barclays lifted their target price on Marathon Petroleum from $159.00 to $189.00 and gave the company an “overweight” rating in a research report on Friday, July 11th. Eight research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $196.29.

Insider Transactions at Marathon Petroleum

In other Marathon Petroleum news, insider Molly R. Benson sold 10,879 shares of the stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $163.00, for a total transaction of $1,773,277.00. Following the completion of the sale, the insider directly owned 28,700 shares of the company’s stock, valued at $4,678,100. This trade represents a 27.49% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.25% of the stock is currently owned by company insiders.

Marathon Petroleum Stock Up 0.1%

MPC opened at $193.34 on Tuesday. The stock has a market cap of $58.78 billion, a price-to-earnings ratio of 28.69, a price-to-earnings-growth ratio of 3.35 and a beta of 0.90. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.71 and a current ratio of 1.23. The firm’s fifty day moving average is $177.39 and its 200 day moving average is $162.63. Marathon Petroleum Corporation has a fifty-two week low of $115.10 and a fifty-two week high of $201.61.

Marathon Petroleum (NYSE:MPC) last posted its quarterly earnings results on Tuesday, August 5th. The oil and gas company reported $3.96 EPS for the quarter, beating analysts’ consensus estimates of $3.22 by $0.74. Marathon Petroleum had a return on equity of 8.38% and a net margin of 1.58%.The business had revenue of $34.10 billion for the quarter, compared to analysts’ expectations of $31.70 billion. The business’s quarterly revenue was down 11.1% on a year-over-year basis. During the same period last year, the firm earned $4.12 earnings per share. On average, sell-side analysts forecast that Marathon Petroleum Corporation will post 8.47 earnings per share for the current fiscal year.

Marathon Petroleum Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Wednesday, August 20th were issued a $0.91 dividend. The ex-dividend date of this dividend was Wednesday, August 20th. This represents a $3.64 dividend on an annualized basis and a yield of 1.9%. Marathon Petroleum’s payout ratio is currently 54.01%.

Marathon Petroleum Profile

Marathon Petroleum Corporation, together with its subsidiaries, operates as an integrated downstream energy company primarily in the United States. The company operates through Refining & Marketing, and Midstream segments. The Refining & Marketing segment refines crude oil and other feedstocks at its refineries in the Gulf Coast, Mid-Continent, and West Coast regions of the United States; and purchases refined products and ethanol for resale and distributes refined products, including renewable diesel, through transportation, storage, distribution, and marketing services.